https://www.taxtmi.com/caselaws?id=46379 The Supreme Court set aside the Customs, Excise and Gold (Control) Appellate Tribunal's order on the assessable value of tape recorders. The Court disagreed with the Tribunal's valuation method based on the supplier's dealer prices, emphasizing the need to determine value under the Central Excises & Salt Act and relevant Rules. The Court directed the assessing authority to reevaluate the value under Section 4(1)(b) of the Act, considering deductions. The appeal was disposed of, instructing the Collector, Central Excise, to determine the value in accordance with the law and the Tribunal's directions, without awarding costs to either party. en-us Thu, 21 Nov 2002 00:00:00 +0530 Mon, 22 Jun 2015 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46379 The Supreme Court set aside the Customs, Excise and Gold (Control) Appellate Tribunal's order on the assessable value of tape recorders. The Court disagreed with the Tribunal's valuation method based on the supplier's dealer prices, emphasizing the need to determine value under the Central Excises & Salt Act and relevant Rules. The Court directed the assessing authority to reevaluate the value under Section 4(1)(b) of the Act, considering deductions. The appeal was disposed of, instructing the Collector, Central Excise, to determine the value in accordance with the law and the Tribunal's directions, without awarding costs to either party. Case-Laws Central Excise Thu, 21 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46379